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    Question

    Which bank received a $500million loan from the

    International Finance Corporation (IFC) for microloans to underserved women?
    A ICICI Bank Correct Answer Incorrect Answer
    B State Bank of India Correct Answer Incorrect Answer
    C HDFC Bank Correct Answer Incorrect Answer
    D Bank of Baroda Correct Answer Incorrect Answer
    E Axis Bank Correct Answer Incorrect Answer

    Solution

    According to available information, the bank that received a $500 million loan from the International Finance Corporation (IFC) for microloans to underserved women is HDFC Bank. The IFC provided this loan specifically to enable HDFC Bank to extend microloans to women borrowers through their "Sustainable Livelihoods Initiative" program, targeting self-help groups and joint liability groups. ┬а

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